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530 State St Chicago, IL 60605

OFF-MARKET Restaurants Google Maps
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional restaurant space, located at the highly visible northwest corner of State and Harrison Streets in Chicago, IL, presents a unique opportunity for a discerning tenant. The property boasts a total vacant area of 3,200 square feet, ideal for a variety of restaurant concepts. Situated at 530 S State St, zip code 60605, this location benefits from significant foot traffic and high visibility in a bustling downtown area. The address offers excellent accessibility for both customers and deliveries. The space is currently vacant and ready for immediate occupancy, allowing for a quick start to operations. This is a multi-tenant property, offering the potential for synergy with neighboring businesses. The property's precise building square footage is not currently available. This prime location in the heart of Chicago provides unparalleled exposure and access to a diverse customer base. The intersection of State and Harrison is known for its high volume of pedestrian and vehicular traffic, ensuring maximum visibility for your establishment. This is an exceptional opportunity to establish a thriving restaurant in a highly desirable and strategic location. The latitude and longitude coordinates are 41.87472361416878 and -87.62765169825218 respectively.

Property profile

Verified
Property type Restaurants

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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